Canada Nickel (CVE:CNC) Stock Price Down 0.6% - Time to Sell?

Key Points

• Shares fell 0.6% to C$1.79 on Friday, with 463,693 shares traded—about 58% below the average session volume.
• The company has a market cap of C$430.65M and a negative P/E (-13.77); liquidity is mixed with a quick ratio of 1.20 but a low current ratio of 0.40 and a high debt-to-equity of 17.51.
• Canada Nickel is developing the Crawford Nickel project to produce zero-carbon nickel, cobalt, and iron for electric vehicle, green energy, and stainless-steel markets.

Canada Nickel Company Inc. (CVE:CNC - ) shares traded down 0.6% during trading on Friday . The company traded as low as C$1.77 and last traded at C$1.79. 463,693 shares changed hands during trading, a decline of 58% from the average session volume of 1,103,224 shares. The stock had previously closed at C$1.80.

Canada Nickel Stock Performance

The stock has a market cap of C$430.65 million, a P/E ratio of -13.77 and a beta of 0.62. The business has a 50 day moving average price of C$1.73 and a 200 day moving average price of C$1.59. The company has a quick ratio of 1.20, a current ratio of 0.40 and a debt-to-equity ratio of 17.51.

Canada Nickel Company Profile

Canada Nickel Company Inc, together with its subsidiaries, engages in the exploration, discovery, and development of nickel sulphide assets. It also develops zero-carbon production of nickel, cobalt, and iron. Its flagship project is the Crawford Nickel project located in northern Ontario, Canada. It serves electric vehicle, green energy, and stainless steel markets. The company was incorporated in 2019 and is headquartered in Toronto, Canada.

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